Jan van der Walt (Director: Certification) March 2010 Turnaround Management Association – Southern Africa  (TMA-SA) Profes...
<ul><li>1.  The  turnaround industry in South Africa  and the need for certification </li></ul><ul><li>Turnaround professi...
Turnaround and TMA-SA: <ul><li>Turnaround </li></ul><ul><li>About TMA-SA </li></ul><ul><li>Our members </li></ul><ul><li>B...
TMA-SA represents members active in the 3 turnaround stages of the timeline of financial distress TURNAROUND TMA-SA’s Sect...
TMA-SA is an organisation for corporate renewal  *)  professionals of all disciplines TURNAROUND *)  Including business tr...
<ul><li>Turnaround </li></ul><ul><li>About TMA-SA </li></ul><ul><li>Our members </li></ul><ul><li>Benefits to members </li...
TMA-SA is in its 6 th  year of operation <ul><li>TMA-SA overview: </li></ul><ul><li>Non-profit association for corporate r...
Our vision is to be recognised as the pre-eminent organisation of our kind in Southern Africa *)  Including business trans...
TMA-SA aims to make corporate renewal  *)  more successful *)  Including business transformation, turnaround and business ...
<ul><li>Turnaround </li></ul><ul><li>About TMA-SA  </li></ul><ul><li>Our members </li></ul><ul><li>Benefits to members </l...
Our members represent a community of professionals who share a common interest in strengthening the economy through the re...
Our members represent corporate renewal professionals of all disciplines <ul><li>Disciplines of corporate renewal professi...
TMA-SA has three membership categories <ul><li>Regular  – all those not listed below </li></ul><ul><li>Government  – indiv...
<ul><li>Turnaround </li></ul><ul><li>About TMA-SA </li></ul><ul><li>Our members </li></ul><ul><li>Benefits to members </li...
Benefits to members are entrenched in our mission Membership benefits Note: Benefits relating to insurance, medical aid, t...
Members see  networking  as the greatest benefit of TMA-SA <ul><li>Networking: </li></ul><ul><li>TMA-SA provides a network...
TMA-SA  promotes  its members and the corporate renewal industry <ul><li>Promotion: </li></ul><ul><li>Promoting TMA-SA mem...
TMA-SA equips its members with  knowledge  about the corporate renewal discipline and industry <ul><li>Knowledge: </li></u...
TMA-SA places great emphasis on helping members develop their  professional skills <ul><li>Education: </li></ul><ul><li>Fo...
TMA-SA will introduce the Certified Turnaround Professional (CTP) and other professional qualifications in South Africa <u...
Questions? <ul><li>Register as a member: </li></ul><ul><li>www.tma-sa.com/members/tma registration.asp   </li></ul><ul><li...
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Turnaround Professional Body

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Turnaround Management Association - Southern Africa

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Turnaround Professional Body

  1. 1. Jan van der Walt (Director: Certification) March 2010 Turnaround Management Association – Southern Africa (TMA-SA) Professional Body for Turnaround Professionals of all Disciplines after Launch of the Certification Programme The premier professional community dedicated to corporate renewal and turnaround management
  2. 2. <ul><li>1. The turnaround industry in South Africa and the need for certification </li></ul><ul><li>Turnaround professional body </li></ul><ul><li>Turnaround professional body governance structures </li></ul><ul><li>4. Turnaround professional qualifications and designations </li></ul>TMA-SA Presentations on Turnaround Certification
  3. 3. Turnaround and TMA-SA: <ul><li>Turnaround </li></ul><ul><li>About TMA-SA </li></ul><ul><li>Our members </li></ul><ul><li>Benefits to members </li></ul>
  4. 4. TMA-SA represents members active in the 3 turnaround stages of the timeline of financial distress TURNAROUND TMA-SA’s Sector Involvement:
  5. 5. TMA-SA is an organisation for corporate renewal *) professionals of all disciplines TURNAROUND *) Including business transformation, turnaround and business rescue Time Corporate Health and Decline Levels: Timeline of Financial Distress: Restoration of Corporate value: Corporate Renewal Levels: For CTP certification, a requirement is experience of companies suffering financial distress or in a financial crisis
  6. 6. <ul><li>Turnaround </li></ul><ul><li>About TMA-SA </li></ul><ul><li>Our members </li></ul><ul><li>Benefits to members </li></ul>Turnaround and TMA-SA:
  7. 7. TMA-SA is in its 6 th year of operation <ul><li>TMA-SA overview: </li></ul><ul><li>Non-profit association for corporate renewal *) professionals of all disciplines </li></ul><ul><li>International affiliate of TMA : </li></ul><ul><ul><li>9 000 members world-wide; since 1988 </li></ul></ul><ul><ul><li>45 chapters, including 32 in North America, and one each in Australia, Brazil, the Czech Republic, Finland, France, Germany, Italy, Japan, the Netherlands, Southern Africa, Spain, Taiwan and the UK, with a chapter in formation in China </li></ul></ul><ul><ul><li>License agreement provides for TMA-SA members to share in knowledge and networking of TMA </li></ul></ul><ul><li>TMA-SA represents the Southern African region - South Africa, Swaziland, Lesotho, Namibia, Angola, Zimbabwe and Mozambique </li></ul><ul><li>Active policy of promoting BEE in terms of membership and Board and Exco structures </li></ul><ul><li>70 members and growing </li></ul><ul><li>All members are bound to the TMA Code of Ethics </li></ul>*) Including business transformation, turnaround and business rescue ABOUT TMA-SA
  8. 8. Our vision is to be recognised as the pre-eminent organisation of our kind in Southern Africa *) Including business transformation, turnaround and business rescue ABOUT TMA-SA TMA-SA vision TMA-SA will be recognised by the Southern Africa business community … as the pre-eminent organisation in which corporate renewal *) professionals from all disciplines … choose to associate, market their services, and develop their professional skills
  9. 9. TMA-SA aims to make corporate renewal *) more successful *) Including business transformation, turnaround and business rescue ABOUT TMA-SA TMA-SA core purpose <ul><li>The core purpose of TMA-SA is strengthening the economy through the restoration of corporate value </li></ul><ul><li>Restoration of corporate value enables economic growth by allowing distressed companies to continue in the economic mainstream, preserve jobs and pay taxes </li></ul><ul><li>TMA-SA aims to equip its members to restore corporate value through corporate renewal in the first three stages of corporate decline: </li></ul><ul><ul><li>Improved business transformation of underperforming and turnaround of distressed businesses through: </li></ul></ul><ul><ul><ul><li>Earlier and improved management-led correction by timeously acting on early warning signals, with the objective of avoiding creditors such as banks to intervene through workouts </li></ul></ul></ul><ul><ul><ul><li>More successful informal creditor workout, should problems worsen and become more acute, with the objective of avoiding Chapter 6 business rescue </li></ul></ul></ul><ul><ul><li>More successful business rescue (Chapter 6 turnaround) of companies in financial distress, but economically viable, with the objective of avoiding liquidation </li></ul></ul>
  10. 10. <ul><li>Turnaround </li></ul><ul><li>About TMA-SA </li></ul><ul><li>Our members </li></ul><ul><li>Benefits to members </li></ul>Turnaround and TMA-SA:
  11. 11. Our members represent a community of professionals who share a common interest in strengthening the economy through the restoration of corporate value <ul><li>Membership is open to corporate renewal *) professionals of all disciplines who: </li></ul>OUR MEMBERS The Board of Directors as the guardian of TMA-SA’s Code of Ethics reserves the right not to accept a membership application. <ul><li>Manage, provide professional services to, and fund troubled companies </li></ul><ul><li>Govern, educate about and study the industries and disciplines of corporate renewal, business transformation, turnaround and business rescue </li></ul><ul><li>Across all the stages of corporate decline: </li></ul><ul><ul><li>From emerging problems </li></ul></ul><ul><ul><li>To acute and worsening problems </li></ul></ul><ul><ul><li>To financially distressed, but economically viable </li></ul></ul>*) Including business transformation, turnaround and business rescue
  12. 12. Our members represent corporate renewal professionals of all disciplines <ul><li>Disciplines of corporate renewal professionals represented: </li></ul><ul><li>Turnaround managers: </li></ul><ul><ul><li>Corporate turnaround managers working in line management positions in turnaround situations </li></ul></ul><ul><ul><li>Interim turnaround managers </li></ul></ul><ul><li>Service providers to troubled companies, and to their financiers: </li></ul><ul><ul><li>Turnaround practitioners and consultants </li></ul></ul><ul><ul><li>Chapter 6 business rescue practitioners </li></ul></ul><ul><ul><li>Attorneys, accountants and financial advisors </li></ul></ul><ul><li>Lenders to and investors in troubled companies: </li></ul><ul><ul><li>Workout/restructuring executives of banks and Development Fund Institutions e.g. we have members from the large banks, IDC, Development Bank of Southern Africa, etc. </li></ul></ul><ul><ul><li>Investment executives of institutional investors, venture capital and private equity investors, Development Fund Institutions, etc. </li></ul></ul><ul><li>Government, academics and students </li></ul>OUR MEMBERS
  13. 13. TMA-SA has three membership categories <ul><li>Regular – all those not listed below </li></ul><ul><li>Government – individuals who are in the employ of a governmental agency or who are members of a legislative body or who are judges </li></ul><ul><li>Academic – individuals who are engaged in the academic profession and who participate or contribute to the turnaround management business through their teaching, writing, research or other professional activities </li></ul><ul><li>Students – individuals who are attending a college or university full time, and who are interested in pursuing studies related to the turnaround management business </li></ul>OUR MEMBERS TMA-SA membership fee structure Paid Jan ( renewals only) Paid Jan – Mar (new members) Paid Apr - Jun Paid Jul - Sep Paid Oct – Dec inclusive of annual fees for next year Regular member R2 340 R2 600 R1 950 R1 300 R2 990 Government Academic R1 105 R1 228 R 921 R 614 R1 412 Full-time student R 325 R 361 R 271 R 181 R 415
  14. 14. <ul><li>Turnaround </li></ul><ul><li>About TMA-SA </li></ul><ul><li>Our members </li></ul><ul><li>Benefits to members </li></ul>Turnaround and TMA-SA:
  15. 15. Benefits to members are entrenched in our mission Membership benefits Note: Benefits relating to insurance, medical aid, travel and accommodation are being developed Networking Promotion Knowledge Education BENEFITS TO MEMBERS *) Including business transformation, turnaround and business rescue Certification Mission TMA-SA’s mission is to serve as a forum for corporate renewal *) professionals from all disciplines … to promote high standards of practice, foster professional development and enhance the image of TMA-SA members
  16. 16. Members see networking as the greatest benefit of TMA-SA <ul><li>Networking: </li></ul><ul><li>TMA-SA provides a networking infrastructure and events for its members to meet, socialise, interact, communicate and contact each other </li></ul>View slideshows of events <ul><li>Events: </li></ul><ul><ul><li>Monthly socials, special events </li></ul></ul><ul><li>Media: </li></ul><ul><ul><li>Newsletter </li></ul></ul><ul><ul><li>See TMA-SA Events on web site </li></ul></ul><ul><ul><li>See TMA-SA News on our web site </li></ul></ul>BENEFITS TO MEMBERS
  17. 17. TMA-SA promotes its members and the corporate renewal industry <ul><li>Promotion: </li></ul><ul><li>Promoting TMA-SA members as professionals committed to the highest standards of practice: </li></ul><ul><ul><li>All members are bound to the TMA Code of Ethics </li></ul></ul><ul><ul><li>Each member has his/her own web page on the TMA-SA web site to market their services </li></ul></ul><ul><ul><li>See TMA member directory on web site </li></ul></ul><ul><li>Promoting the image of TMA International as the premier professional community dedicated to corporate renewal: </li></ul><ul><ul><li>Promotion to industry </li></ul></ul><ul><ul><li>Promotion to government </li></ul></ul><ul><li>Media: </li></ul><ul><ul><li>Web site www.tma-sa.com </li></ul></ul><ul><ul><li>Brochures </li></ul></ul>BENEFITS TO MEMBERS
  18. 18. TMA-SA equips its members with knowledge about the corporate renewal discipline and industry <ul><li>Knowledge: </li></ul><ul><li>Knowledge capture and distribution of news, information, ideas and knowledge </li></ul><ul><li>Serving as a clearinghouse of information and research pertinent to turnaround management and the turnaround industry </li></ul><ul><li>Media: </li></ul><ul><ul><li>Journal of Corporate Renewal (members only) – monthly turnaround knowledge update </li></ul></ul><ul><ul><li>See TMA-SA News on our web site </li></ul></ul><ul><ul><li>See TMA-SA Blog on internet </li></ul></ul><ul><ul><li>See TMA-SA Knowledge Base on our web site </li></ul></ul>BENEFITS TO MEMBERS TMA-SA has been actively involved in shaping, debating and crafting the business rescue provisions contained in Chapter 6 of the Companies Act No. 71 of 2009.
  19. 19. TMA-SA places great emphasis on helping members develop their professional skills <ul><li>Education: </li></ul><ul><li>Fostering professional development opportunities for professionals of all disciplines </li></ul><ul><li>Fostering improved methodologies in raising standards of turnaround management, thereby enhancing the necessary competencies for successful practice </li></ul><ul><li>Current programmes: </li></ul><ul><ul><li>Monthly TMA-SA lecture series </li></ul></ul><ul><ul><li>Papers at annual turnaround management conference at Wits Business School </li></ul></ul>BENEFITS TO MEMBERS
  20. 20. TMA-SA will introduce the Certified Turnaround Professional (CTP) and other professional qualifications in South Africa <ul><li>Certification: </li></ul><ul><li>Under license from TMA and in partnership with Services SETA </li></ul><ul><li>Recognises professional excellence and provides an objective measure of expertise related to turnaround (informal sector and Chapter 6) </li></ul><ul><li>Applicants for Certified Turnaround Professional (CTP) certification must: </li></ul><ul><ul><li>Meet stringent standards of education, experience and professional conduct </li></ul></ul><ul><ul><li>Pass a comprehensive examination in turnaround management, law (including Chapter 6), and finance/accounting </li></ul></ul><ul><ul><li>Maintain their credentials by obtaining continuing education credits </li></ul></ul>BENEFITS TO MEMBERS
  21. 21. Questions? <ul><li>Register as a member: </li></ul><ul><li>www.tma-sa.com/members/tma registration.asp </li></ul><ul><li>Contact details for Susanne Braatvedt (Administrator): </li></ul><ul><li>Tel.: 082 950 2624 </li></ul><ul><li>Fax: 086 592 3619 </li></ul><ul><li>Web site: www.tma-sa.com </li></ul><ul><li>Email: [email_address] </li></ul>Turnaround Management Association – Southern Africa Director Certification: Jan van der Walt
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